LANCASTER, Pa.--(BUSINESS WIRE)--
Fulton Financial Corporation (Nasdaq: FULT) today announced that its
Board of Directors has approved the repurchase of up to $75 million of
shares of Fulton’s common stock, or approximately 2.7 percent of
Fulton’s outstanding shares, based on the closing price of Fulton’s
common stock and the number of shares outstanding on October 31, 2018.
This approval expires on December 31, 2019.
Fulton also announced that it repurchased a total of approximately $44.6
million of shares under the $50 million stock repurchase program which
was originally announced in October 2015, including approximately $26.1
million of shares repurchased during the fourth quarter of 2018. As of
November 19, 2018, approximately $5.4 million of Fulton’s common stock
remain authorized for repurchase under that program through December 31,
2018.
As permitted by securities laws and other legal requirements and subject
to market conditions and other factors, purchases may be made from time
to time in open market or privately negotiated transactions, including
without limitation, through accelerated share repurchase transactions.
These repurchase programs may be discontinued at any time.
Fulton Financial Corporation is a $20 billion financial holding company
that operates banking offices in Pennsylvania, Maryland, Delaware, New
Jersey and Virginia.
Additional information on Fulton Financial Corporation can be found at www.fult.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181120005754/en/
Media Contact:
Laura Wakeley
717-291-2616
Investor Contact:
Jason Weber
717-327-2394
Source: Fulton Financial Corporation